Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Dogecoin – Asian Wrap 12 Feb


BTC/USD Price Analysis: Fresh highs of $49k with bulls well on their way to $50k

Bitcoin is well on the way of making a new milestone at $50k. In the prior analysis, BTC/USD Price Analysis: What it might take to crack $50,000, a series of prospective price action was laid out as the potential route for bulls to reach the psychological $50k mark.

 

Ethereum Price Analysis: ETH braces for $2,000 amid bullish technical set-up

ETH/USD eases from the day’s top of $1,807.95 to currently around $1,790 during early Friday. In doing so, the altcoin keeps the previous day’s upside momentum inside a short-term ascending triangle. Sellers to have a bumpy road before revisiting early January levels.

 

Dogecoin Price Forecast: DOGE bulls catch a breather between two crucial price levels

DOGE/USD wavers around 0.0700 during its latest easy performance since late Thursday. In doing so, the digital asset follows a downward sloping trend line from Sunday amid bearish MACD. 50-bar SMA pushes bulls toward breaking weekly resistance line.

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Dogecoin loses momentum, but upswing could still evolve

Dogecoin price crashes 35% after the hyped “dogeday420” fails to gather steam. Despite losing its upswing momentum, the meme coin could still surge if it bounces off the immediate demand. On-chain metrics point to a grim outlook for DOGE.

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Ripple needs to claim this demand barrier to prevent 18% crash

XRP price has flipped a crucial demand zone into supply after the recent slump. An 18% drop to $1.04 could ensue if bulls fail to rescue Ripple here. On-chain metrics hint at a semi-stable state that could flip bearish anytime.

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US Congress to clarify crypto regulations once the Senate passes bipartisan bill

The Eliminate Barriers to Innovation Act was passed by the US House of Representatives and is now heading to the Senate and President for approval. The new bill mandates creating a working group to explore cryptocurrency regulation between the SEC and CFTC.
 

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VeChain may correct 9% before heading higher

VeChain price is getting wound up as it is stuck trading between two ranges. A breakdown of the immediate demand zone ranging from $0.222 to $0.237 could lead to a 9% downtrend to $0.202.

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Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

Read the weekly forecast

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